Trifast (LON:TRI) Given “Buy” Rating at Peel Hunt

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Peel Hunt reissued their buy rating on shares of Trifast (LON:TRI) in a report published on Wednesday, Digital Look reports. Peel Hunt currently has a GBX 270 ($3.55) price target on the stock.

TRI has been the subject of a number of other reports. Berenberg Bank decreased their target price on Trifast from GBX 235 ($3.09) to GBX 200 ($2.63) and set a hold rating for the company in a report on Monday, December 23rd. Shore Capital reissued a buy rating on shares of Trifast in a research note on Wednesday, December 18th. Finally, FinnCap restated a corporate rating on shares of Trifast in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Trifast currently has an average rating of Buy and a consensus price target of GBX 232 ($3.05).

Shares of Trifast stock traded up GBX 2 ($0.03) during trading hours on Wednesday, reaching GBX 187.50 ($2.47). 27,946 shares of the company were exchanged, compared to its average volume of 80,087. Trifast has a 1 year low of GBX 149 ($1.96) and a 1 year high of GBX 242 ($3.18). The stock’s fifty day moving average is GBX 178.92 and its 200 day moving average is GBX 192.47. The company has a debt-to-equity ratio of 45.92, a quick ratio of 1.79 and a current ratio of 3.27. The firm has a market cap of $229.44 million and a PE ratio of 18.94.

The company also recently announced a dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 12th will be issued a GBX 1.20 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a yield of 0.73%. Trifast’s dividend payout ratio (DPR) is 0.40%.

About Trifast

Trifast plc, together with its subsidiaries, designs, manufactures, and distributes mechanical fasteners and category C components to distributors and original equipment manufacturer assemblers. It offers screws and bolts, nuts, washers, circlips, seals, rings, spacers, pillars, security fasteners, pins and keys, tooling and driver bits, and fasteners for sheet metal and plastic, as well as enclosure, plastic, and other hardware products.

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